BUSN 380 DEVRY COMPLETE QUIZ PACKAGE
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an FHA mortgage.<br />
a buy-down.<br />
a home equity loan.<br />
a shared appreciation mortgage.<br />
a fixed-rate mortgage.<br />
Question 17. Question : (TCO 3) A(n) _____ is an interest rate subsidy provided by a builder or real<br />
estate developer to assist with home affordability.<br />
<br />
<br />
<br />
<br />
<br />
FHA-insured loan<br />
balloon mortgage<br />
growing equity mortgage<br />
shared appreciation mortgage<br />
buy-down<br />
Question 18. Question : (TCO 3) When _____, homeowners may consider refinancing their mortgage.<br />
<br />
<br />
<br />
<br />
<br />
interest rates rise<br />
two or more points are required by the lender at the time of closing<br />
the escrow account balance declines<br />
interest rates fall<br />
property values decrease<br />
Question 19. Question : (TCO 3) You should still contact and use a(n) _____ if you sell your home<br />
without the use of a real estate agent.<br />
<br />
<br />
<br />
<br />
<br />
broker<br />
insurance agent<br />
rental agent<br />
contractor<br />
lawyer<br />
Question 20. Question : (TCO 3) If Jennifer Garland lives in a home assembled in a factory that was<br />
then moved to the living site, she is most like living in a<br />
<br />
<br />
<br />
<br />
<br />
condominium.<br />
prefabricated home.<br />
cooperative.<br />
duplex.<br />
single family dwelling.<br />
<strong>BUSN</strong> <strong>380</strong> DeVry Week 6 Quiz Latest<br />
1. Question : (TCO 4) _____ risks refer to potential losses due to negligence resulting in bodily harm or<br />
property damage to others.
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